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$ETH Whales Increase ETH Holdings Against the Trend, Driven by a Dual Play of Macro and Narrative
Today’s market discussion focus is not on sharp rises or falls, but on an “abnormal” phenomenon: even with unrealized losses exceeding hundreds of millions, whales and institutions continue to borrow and buy $ETH .
This is definitely not an emotional gamble, but a rational deployment of real capital.
The market is shifting from the previous “fear and greed” cycle to a rational calculation based on macro liquidity analysis and on-chain fundamental value. The persistence of whales points us to the next key battleground: liquidity improvement expectations + endogenous value growth within the Ethereum ecosystem (privacy protocol upgrade next year).
Stay alert, stay calm, and let logic rather than emotion drive your decisions. #加密市场小幅回暖